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  • Interview | Former RBI Deputy Governor Gandhi sees no need for notes larger than Rs 500

    According to Gandhi, who handled RBI's currency management department, the introduction of the Rs 2,000 note in 2016 was a 'short-term tactical decision' to quickly remonetise the economy post-demonetisation

  • Total value of Rs 2,000 notes in circulation down to 10.8% as on March: RBI

    Total value of Rs 2,000 notes in circulation down to 10.8% as on March: RBI

    The RBI has advised members of the public to deposit Rs 2,000 banknotes into their bank accounts or exchange them for banknotes of other denominations at any bank branch.

  • RBI declares to withdraw all Rs 2,000 currency notes: All your queries answered

    RBI declares to withdraw all Rs 2,000 currency notes: All your queries answered

    The Reserve Bank of India (RBI) on May 19 said it is withdrawing Rs 2,000 notes from circulation based on a review. However, the banknotes of Rs 2,000 denomination will continue to be legal tender, the central bank said in a release.

  • To avoid another ATM nightmare, only banks may circulate proposed Rs 200 notes

    To avoid another ATM nightmare, only banks may circulate proposed Rs 200 notes

    The RBI took up the issue of introducing Rs 200 bank notes at a meeting last month as it sought shore up the availability of lower denomination bank notes after ATM operators reported a shortage.

  • Cashless future: Under-rated UPI scores over most e-wallet apps

    Cashless future: Under-rated UPI scores over most e-wallet apps

    Mobile wallet adoption surged manifold as the government began crackdown on black money scrapping Rs 500 and Rs 1,000 notes. A relatively simpler option to transact cashlessly, however, is Unified Payments Interface (UPI). Here‘s why:

  • QuikrHomes acquires Grabhouse, offers cashless rental solutions

    QuikrHomes acquires Grabhouse, offers cashless rental solutions

    The company aims to address an acute pain point in India‘s real estate market by providing cashless solutions.

  • The new Rs 2,000 note design: Why it's not even noteworthy

    The new Rs 2,000 note design: Why it's not even noteworthy

    PM Modi's national campaigns such as Swachh Bharat — the logo of which is emblazoned on the new currency — are well-orchestrated and have eye-grabbing visual props. That makes the inferiority of the new currency's design an eyesore.

  • Why e-wallets and startups are super happy after currency ban

    Why e-wallets and startups are super happy after currency ban

    There was a humdrum of excitement at Paytm's office. Many employees were poised to achieving their download and merchant on-boarding targets, well ahead of their schedule, thanks to PM Modi. On LED screens on its office walls, numbers such as transactions, GMV and wallet recharges were going up in green, every few minutes...

  • Goodbye CoD: Paytm, Freecharge launch ‘Wallet on Delivery‘

    Goodbye CoD: Paytm, Freecharge launch ‘Wallet on Delivery‘

    With the help of Wallet on Delivery, online shoppers will now be able to make payments with the help of e-wallets at the time of delivery.

  • Trump victory going to be more shocking than Brexit: JPMorgan

    Trump victory going to be more shocking than Brexit: JPMorgan

    There is going to be a lot of volitility in the global markets if Hillary Clinton loses the elections, he says. This is due to the vacuum of information until more clarity on the policies he employs in US emerges.

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